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Margarita 

MARGARITA THE PEARL OF THE CARIBBEAN

Margarita is an island of unspoilt beaches and tropical greenery. Only here can you buy properties next to the sea for £39,000 (50,000 €), petrol for 20 pence (27 cents) a litre and a full meal for 2 costing only; £6 (8 euros).

THE AREA
The tropical island of MARGARITA (meaning pearls) is situated in the S.E. end of the Caribbean islands; Trinidad & Tobago, St. Lucia and Barbados are near islands. It is 934 kilometres in land size; it has 300,000 inhabitants and was discovered by Christopher Columbus in 1498.

Margarita island is well placed to visit – "Angel falls" the world's highest waterfall, at nearly 1,000 metres high is 16 times higher than Niagara falls! See nature as she intended all over the area.

TEMPERATURES  
These days' people search for the sun particularly in the European, North American winter, in Margarita the temperatures truly are ideal, they range from 27 degrees to 32 degrees all year around. On average there are 340 days of sun each year, cooling breezes are normally evident making the climate very enjoyable – one location in the world where sunny weather can be relied upon! The island is outside of the hurricane routes, unlike other Caribbean islands and therefore well protected from adverse weather elements.

PRICES

Margarita has been a duty free area since 1971. NO VAT, NO INCOME TAX - so the cost of living there is very low and shopping for luxury and high quality items can produce stunning bargains!

PROPERTIES
Start from only £39,000 (50,000 euros) next to one of the best beaches on Margarita. A detached villa with private pool and Jacuzzi is only £62,000 (79,000 euros) - all properties come fully furnished.
If you wished to retire to warmer, sunnier climes, then your income would go so much further on Margarita.
However, if you seek a superb investment opportunity, Margarita would be as good an option as any. Capital growth is excellent - currently 32 % per annum. In addition to this you could request the "guaranteed rental income option" and receive up to 8% a year guaranteed income, in effect 80% of your investment would be returned to you after 10 years. Also there is only 0.5% tax on your property purchase.
To further enhance this opportunity peace of mind is assured as all your payments are GUARANTEED by a major SPANISH bank. To purchase property there you could visit the island, we would suggest you should allow at least a week; you would be met shown all the developments and the island. Alternatively you could buy "off plan" we can provide you with all the details you would need to make a decision

If you wish more details then are shown on this site please do not hesitate to contact us.

BEACHES - Margarita has 168 kms. of coast:
El Yaque: world famous for windsurfers, wind speed of 30 knots
               also ideal for children as the waters are safe & warm.
Guacuco: longest beach, water is placid and safe for bathing.
Parguito:  well known for its tides and so a paradise for surfers.
El Agua:   fine sand and many palm trees, famed for its beauty.
Caribe: famous for its superb inexpensive sea food restaurants.
Puerto Cruz: A long gentle curving bay with white sand dunes. 
 - A true variety for all tastes - which one do you fancy today ?

FURTHER COMMONLY ASKED QUESTIONS

1) Do I actually own the property I buy on Margarita ?
Yes - buying a property there is much the same as buying in the UK and other European countries – registered deeds are issued (arranged by your locally based solicitor). If an apartment is purchased then individual "title deeds" are provided for your purchase similar to the "leasehold" way in the U.K. The plot and communal services are shared between all the owners as are the running costs which are shared between all the owners.
If buying a detached villa then "title deeds" are provided for the property and the land as in the U.K.

2) Are there extra costs when buying a property on Margarita?

Yes but the amount is very low! – you should allow around 1.5% (1 and a half %) of the price of the property - this would cover property purchase tax of 0.5%, setting up costs and your solicitor's costs.

Incidentally Margarita is a "duty free" area so the price of goods and services are very low for luxury items as well general living costs, eating out and so on.

3) What can you tell me about "New Horizons"?
"New Horizons" have been marketing overseas properties mainly to British and Irish clients since 1998. Our current areas of expertise besides Margarita are: Spain, Cyprus, Dubai and Thailand. We make no charge to you for our normal service, which includes all aspects of your purchase. Should you decide to purchase a property from details supplied by us all your payments are made direct to the builder or developer of your choice and are not paid through us. The developer on Margarita has 7 developments featuring a number of different builders, all of which offer high quality properties. One development has properties to immediately move into, the rest are due to be completed in 2009.

The developer originally started in Spain where they still have an office near Murcia and it explains why the Spanish bank; La Caixa was selected to provide the clients bank guarantee for payments. New Horizons were also asked by them to market their properties due to our presence and proximity to them in Spain.

4) What is the weather like?
Margarita is a tropical island and is situated 11 degrees north of the equator, the weather is around 30 degrees Celsius all through the year however, it does not feel over hot due to the island being cooled by the gentle breezes that prevail. There is hardly any rain on Margarita; if it does it will usually be for a few hours or less.

The island is becoming increasing popular with North American and North European visitors who wish to holiday on one of the few places civilised places on earth with as near to guaranteed sun all year around as there could be! With Margarita sitting on top of the South American continent it is unlike other Caribbean islands outside the hurricane belt.

5) How does the "guaranteed rental options" work?
Certain developments, currently: El Agua garden suites, Ocean resort and Nakanda mountains offer a "guaranteed rental income" to purchasers if they choose this route. The management letting agency based there will guarantee to pay the property owner up to 8% of the property purchase price for 10 years. In the case of "El Agua garden suites" costing around £39,000 the property owner would receive an income over 10 years of around £31,200.

If a property at "Ocean residential" were purchased and with a property costing around £80,000 the property owner would receive over 10 years around £64,000!

6) What happens at the end of the "guarantee period"?
With there being 100,000 beds a year short for letting (Thompson tour operators own figures and that is now!) there is a good chance that the management letting agency will offer another "guaranteed period" – however this depends on circumstances at the time. Alternatively the rental management company will continue to rent out the property on behalf of the client and / or the client can also let out their property.

The rental management company will happily let out clients properties where there is no "guaranteed rental period" Whilst all the developments offered are lovely properties in good locations, there are some locations that tourists really flock to, hence the potential for 100% occupancy rate and thus a guarantee.

With the other locations they are not sure of a 100% occupancy rate but maybe a 85% rate, hence no offered guarantee however, many clients may feel that this too is very desirable!

7) Can I sell my property at any time and are there any costs?
Properties can be sold at any time and costs and taxes are extremely low. If the property sold is one where there is a "guaranteed rental income" then this will need to be honoured as this goes with the property rather than with the owner. For example a client purchases a property at El Agua (with a guaranteed rental income of 10 years at 8% return). After 3 years the client wishes to sell the property, in this case the new owner would continue receiving the rental income for the remaining 7 years (of the 10) – which is a very good selling point for the vendor to offer in the sale particulars to prospective purchasers!

8) If I choose the "guaranteed rental option" will my family and I be able to holiday at out home on Margarita?
Yes – you can choose up to 30 days a year to visit your holiday home yourselves – however understandably, it is fair to say that this should not be during peak letting times.

9) What are the prospects for capital growth for my property?
Currently properties have risen by 32% per annum over each of the past 2 years (source Margarita's Chamber of commerce). With the guaranteed rental income & capital growth how many better investments are there?

10) I want to progress the matter – what happens next?

i) Either select your property from the comfort of your own home from specific details and plans supplied to you, we can make recommendations for locally based solicitors to handle your purchase if you wish.

Payment details are shown on the individual property particulars supplied and these are guaranteed by the European bank: La Caixa so you can buy with confidence: OR
ii) Travel to Margarita and view properties of your choice. The services of New Horizons and / or those of the developer would be included for the viewing trip and to see some of the island. Flight and accommodation costs would be the responsibility of the client. It is recommended that you allow a week for this but subject to flights being suitable this would be to your own personal timetable. Flights are direct to Margarita or via Caracas from where there are many 35 minute flights each day.

MARGARITA - THE PEARL OF THE CARIBBEAN AWAITS YOU !